Talk exchanges. Ask customers if they have a vehicle they wish to part exchange. It’s good to do this before you begin showing them new cars, because you can figure out the customers’ buying motive, and will also be able to see what they feel is lacking in old car. It also allows the customer to relax when they begin looking at new cars, because they know their old car is already taken care of.
23. If you trade in your car every three years or so, it may make more sense for you to lease a car. You’ll likely have a lower cost over the three years and if you decide you’d like to keep the car longer than the term of your lease, you can buy it when the lease is done.
Address the customer by name to give a personal touch, and you’re halfway there. Of course, this all helps if you have a way to gather their information in the first place. Add an option on your website for a newsletter signup and encourage your customers to leave their details when querying one of the cars on your site by live chat. Check out this article for tips on building your email list.
If you’ve been in business for a while and tracking your dealer marketing strategies diligently, your marketing efforts don’t have to be a guessing game. Go back in your records to look for lulls and boosts in sales during the spring and summer months of past years. Try to figure out what may have been going on during those periods of time—did you get a boost in sales after the local newspaper ran a story about your dealership? Was there a big dip in sales in two weeks during July 2015 because your area had a damaging hurricane? Look for what you can control—and what you can’t—and use those insights in your planning.
Shannon Platz is Global Vice President of Platform Ecosystem at SAP. She is responsible for partner sales and the go-to-market strategy for digital solutions such as analytics, databases, Big Data, cloud, and Internet of Things platforms and applications. Shannon is a transformational leader who is passionate about customer, partner, and employee success. She believes in and supports the development of others to reach their full potential. She is a mentor, leadership coach, and diversity champion inside and outside of SAP. A published author and international speaker on analytics to drive competitive differentiation, Shannon serves on several boards and committees focused on the advancement of women.
CarClearanceDeals and CarsDirect are the quickest way to compare new car prices in your local area. These online sites will provide you with free, no-obligation price quotes and the discounts you receive will give you confidence on your next new car purchase. Walk away from the dealership knowing you received a good deal, not hoping you did.
This past year we saw a massive increase used automotive Internet usage (AIU) rate, as 68% of all used-vehicle buyers went online during the vehicle shopping process versus 63% in 2009. The dramatic rise has narrowed the gap between used- and new- AIU rates. There are many fac tors at work. One is the poor […]
Videos are some of the most engaging things you can put on your website and social media pages. They are engaging, informative and interesting to your auto customers. Your auto videos can advertise your newest vehicles or special sales you are having, or they can be all about automotive tips and can provide your customers with information they can really use. Videos can also be easily shared so more people see them and you will bring in new business for your dealership.
Anyway, this dealership publically bragged about this “satisfaction guarenteed” policy, and I asked about it numerous times before I bought the car (verbal, and email) as I was uneasy about buying a used car due to these exact reasons. Each time (besides the first issue) I called or dropped the car off, everyone was cold towards me. The sales rep, the sales manager, service manager, even the receptionist.
The digital marketing experts at Potenza Auto Dealer work hard to make sure that your automotive website makes a good first impression. However, only about 2% of web traffic converts to a lead on the first visit. That is why we offer comprehensive re-targeting services that will allow you to follow-up with visitors and serve them relevant ads to bring them back to your site.
“The industry analysis available in IBISWorld has been a staple in our information resources for the past several years. The consistent reporting, from industry to industry, helps with our ability to compare industry performance and outlooks.”
After being physically and mentally disabled by a brain tumor, Brandon overcame the odds to regain his health to help his pregnant wife in her fight against stage 3 breast cancer. A couple of years later he launched his blog. Today over 1 million business owners read his blog every month. Read Brandon’s inspirational comeback story here.
Social media feeds will allow a dealership to increase their current reach greatly. Simply start an account on Facebook and Twitter and ensure that your profile links to your website. Once followers start flowing in and likes are abundant, continual updates will provide further marketing. Promote new vehicles, special sales and engage the community. If one of these fans or followers shares the content you post about a new vehicle, it may just lead to a sale.
Social media is a hot topic right now. The naysayers have given up trying to convince us that social media is just a fad and now everyone from elementary students to centenarians knows that the social web isn’t going anywhere. This doesn’t mean we won’t see social networks fall and new ones take their place, just ask the founders of Friendster.com, but like email, social networks are here to stay, it’s only the names that will change.
In a time when people are getting more and more turned off by the pushy-salesman tactics of many car dealerships, what better way to attract customers than by declaring, in the most obvious way possible, that your business is different. Prime Auto Group did this by literally turning their ads upside down. On billboards across freeways and all the way to their website, they’re advertising that Prime isn’t like other dealerships. At Prime, can forget everything you normally expect from a traditional dealership sales process. Clever, simple, and so much more powerful than just saying “we’re different,” this is a dealership marketing idea that blows the standard boring billboard out of the water.
Car salespersons must have excellent communication skills, be to sympathize with client’s purchasing needs, and have a resilient attitude in the face of rejection. On-the-job training is typical and the only formal education requirement is a high school diploma.
Banks are racing to take advantage of market opportunities available through digital transformation. At the same time, they must manage the risks created by the new digital economy. There is a critical need for affordable computing platforms that provide greater agility.
In many instances, the conversion will be acquiring an email address. This is generally best achieved by offering a content upgrade. For example, if you’ve created a post comparing three of the leading family cars you sell, offer readers a more in-depth ebook with even more feedback on the benefits of each of the vehicles for families.
Who will be the winners and losers in the revolution that is radically reshaping the marketing, distribution and selling of automobiles? Will the vehicle manufacturers and their franchised-dealer networks be able to overcome years of inertia and complacency to pioneer and execute new concepts that will strengthen and extend the value of their brands? Or will nimbler, more imaginative retailers or software companies get there first?
Dealerships get a kickback from banks for charging you more for financing than you actually have to pay. Suppose the bank approves you at 2.9% but the dealership tells you you were approved at 4.9%. They now get a cut of that 2%. If you are financing get a quote from your banks and credit unions (any you could possibly use). Most post their best rates online. That way if you are approved at 3.9% at your bank. The dealership gets you approved at 2.9%, tries to charge you 4.9%, you get them to bump down to 3.9% to match your bank, now the dealership is happy and you are happy. There is also a chance they will lower the sale price another hundred or so dollars to convince you to finance with them.
But be mindful, prospects won’t be ready to read sales-oriented pages during those early moments in the buying journey. Focus on educating them in a helpful manner by creating blog posts written by knowledgeable staff within your organisation.
Learn about the education and preparation needed to become an car salesperson. Get a quick view of the requirements as well as details about schooling, job duties and training required to find out if this is the career for you.
Second, having a draft in hand gives you tremendous bargaining power. Nothing says “Serious Buyer, Ready to Buy” than walking into a dealership with a draft in your hand. That motivates a salesperson. Nobody wants to let a qualified buyer with money in his pocket walk away. So my advice is: talk to your local bank or credit union first, but be open to the possibility of dealer financing. Having choices gives you power.
The Role of Integrated Mobile Apps. Integrated mobile apps and connected vehicle services deliver more value for the customer, enhancing customer loyalty after the initial car purchase. A study by DMEautomotive showed that vehicle buyers using a branded app were 73% more likely to make a purchase from the dealership, and after making a purchase, booked 25% more service appointments than shoppers without an app. They also spent more money than non-app users when purchasing a vehicle, 7% more according to a study commissioned by Cars.com.